Linden Thomas Advisory Services, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 30, 2025), Linden Thomas Advisory Services, LLC reported 460 stock positions worth $772.5 million. Its top holding was Nvidia (NVDA) at 2.4% of the portfolio, followed by Meta Platforms Class A (META, 1.6%) and Apple (AAPL, 1.6%). Compared with Q4 2024, it opened 10 new positions, sold out of 19, added to 419 and reduced 30. The biggest buy was Corcept Therapeutics (CORT, shares +1%) and the biggest sale an exit from Aspen Technology (AZPN).
- Most Recent 13F
- Q2 2026
- Location
- Charlotte, NC
- CIK
- 0001965702
- Portfolio Value
- $772.5M (Q1 2025)
- SEC Filing
- 0001085146-25-002486 ↗ filed Apr 30, 2025
Holdings Value
Holdings 460 stocks · $772.5M
| NVDA Nvidia Corp. | 2.44% | 174,045 | $18.9M | Add +7.4% |
| META Meta Platforms Inc. Class A | 1.60% | 21,432 | $12.4M | Add +6.3% |
| AAPL Apple Inc. | 1.56% | 54,181 | $12.0M | Add +7.1% |
| MSFT Microsoft Corp. | 1.29% | 26,523 | $10.0M | Add +8.1% |
| CORT Corcept Therapeutics Inc. | 0.94% | 63,692 | $7.3M | Add +0.7% |
| V Visa Inc. Class A | 0.88% | 19,301 | $6.8M | Add +6.5% |
| MA Mastercard Inc. Class A | 0.85% | 12,017 | $6.6M | Add +6.6% |
| LLY Eli Lilly & Co. | 0.83% | 7,774 | $6.4M | Add +4.0% |
| AVGO Broadcom Inc. | 0.81% | 37,363 | $6.3M | Add +1.3% |
| NFLX Netflix Inc. | 0.78% | 6,431 | $6.0M | Add +1.4% |
| CRM Salesforce Inc. | 0.72% | 20,860 | $5.6M | Add +4.1% |
| SPGI S&P Global Inc. | 0.71% | 10,850 | $5.5M | Add +5.2% |
| PLTR Palantir Technologies Inc. Class A | 0.71% | 64,897 | $5.5M | Add +5.7% |
| APP AppLovin Corp. Class A | 0.70% | 20,491 | $5.4M | Add +5.7% |
| ISRG Intuitive Surgical Inc. | 0.68% | 10,657 | $5.3M | Add +4.3% |
| FTNT Fortinet Inc. | 0.68% | 54,620 | $5.3M | Add +3.9% |
| ANET Arista Networks Inc. | 0.67% | 67,192 | $5.2M | Add +7.5% |
| GILD Gilead Sciences Inc. | 0.67% | 45,897 | $5.1M | Add +3.1% |
| TMUS T-Mobile US Inc. | 0.66% | 19,021 | $5.1M | Add +8.2% |
| KLAC KLA Corp. | 0.65% | 7,355 | $5.0M | Add +8.7% |
| HD Home Depot Inc. | 0.62% | 13,073 | $4.8M | Add +4.6% |
| INTU Intuit Inc. | 0.61% | 7,636 | $4.7M | Add +3.7% |
| SOLV Solventum Corp. | 0.60% | 61,406 | $4.7M | Add +2.2% |
| CHE Chemed Corp. | 0.60% | 7,505 | $4.6M | Reduce -0.1% |
| ADBE Adobe Inc. | 0.57% | 11,391 | $4.4M | Add +6.7% |
| ABT Abbott Laboratories | 0.56% | 32,824 | $4.4M | Add +4.8% |
| NOW ServiceNow Inc. | 0.55% | 5,353 | $4.3M | Add +5.7% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.55% | 129,877 | $4.2M | Add +6.4% |
| MNST Monster Beverage Corp. | 0.55% | 72,316 | $4.2M | Add +2.4% |
| PANW Palo Alto Networks Inc. | 0.55% | 24,697 | $4.2M | Add +4.8% |
| ORLY O'reilly Automotive Inc. | 0.54% | 2,935 | $4.2M | Add +3.1% |
| AZO AutoZone Inc. | 0.52% | 1,061 | $4.0M | Add +6.0% |
| LII Lennox International Inc. | 0.52% | 7,199 | $4.0M | Add +2.5% |
| VZ Verizon Communications Inc. | 0.52% | 87,816 | $4.0M | Add +7.3% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.51% | 4,013 | $4.0M | Add +7.0% |
| CDNS Cadence Design SYS Inc. | 0.51% | 15,493 | $3.9M | Add +5.6% |
| WMB Williams Cos Inc. | 0.50% | 64,345 | $3.8M | Add +9.3% |
| AXP American Express Co. | 0.49% | 14,146 | $3.8M | Add +8.1% |
| LMT Lockheed Martin Corp. | 0.49% | 8,519 | $3.8M | Add +0.6% |
| WMT Walmart Inc. | 0.49% | 42,912 | $3.8M | Add +7.5% |
| VRTX Vertex Pharmaceuticals Inc. | 0.49% | 7,733 | $3.7M | Add +3.9% |
| FDS Factset Research Systems Inc. | 0.47% | 8,017 | $3.6M | Add +1.6% |
| USLM United States Lime & Mineral | 0.47% | 41,059 | $3.6M | Reduce -0.3% |
| RMD Resmed Inc. | 0.46% | 15,892 | $3.6M | Add +3.4% |
| AMAT Applied Materials Inc. | 0.46% | 24,513 | $3.6M | Add +11.2% |
| MATX Matson Inc. | 0.46% | 27,503 | $3.5M | Add +2.5% |
| CSGP Costar Group Inc. | 0.45% | 43,943 | $3.5M | Add +2.2% |
| GOOGL Alphabet Inc. Class A | 0.44% | 22,222 | $3.4M | Add +7.8% |
| TSCO Tractor Supply Company | 0.42% | 59,552 | $3.3M | Add +2.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.42% | 6,114 | $3.3M | Add +7.7% |
| IDXX Idexx Laboratories Inc. | 0.42% | 7,731 | $3.2M | Add +4.0% |
| IT Gartner Inc. | 0.41% | 7,603 | $3.2M | Add +1.0% |
| ALAB Astera Labs Inc. | 0.41% | 53,237 | $3.2M | Add +2.1% |
| MTSI Macom Technology Solutions H | 0.41% | 31,187 | $3.1M | Add +2.3% |
| GEV GE Vernova Inc. | 0.41% | 10,253 | $3.1M | Add +3.5% |
| KR Kroger Co. | 0.40% | 46,064 | $3.1M | Add +8.0% |
| PEN Penumbra Inc. | 0.40% | 11,647 | $3.1M | Add +2.5% |
| FICO Fair Isaac Corp. | 0.40% | 1,672 | $3.1M | Add +6.4% |
| CRAI Cra International Inc. | 0.39% | 17,413 | $3.0M | Add +3.4% |
| LRCX Lam Research Corp. | 0.39% | 41,293 | $3.0M | Add +5.1% |
| ZBRA Zebra Technologies Corp. Class A | 0.39% | 10,589 | $3.0M | Add +2.2% |
| LMAT Lemaitre Vascular Inc. | 0.39% | 35,591 | $3.0M | Add +3.2% |
| CSCO Cisco Systems Inc. | 0.38% | 47,440 | $2.9M | Add +7.9% |
| COST Costco Wholesale Corp. | 0.37% | 3,062 | $2.9M | Add +8.0% |
| PAYX Paychex Inc. | 0.37% | 18,699 | $2.9M | Add +8.0% |
| FFIV F5 Inc. | 0.37% | 10,829 | $2.9M | Add +3.4% |
| VEEV Veeva Systems Inc. Class A | 0.37% | 12,416 | $2.9M | Add +2.7% |
| JXN Jackson Financial Inc. Class A | 0.37% | 34,130 | $2.9M | Reduce -0.3% |
| HCKT The Hackett Group Inc. | 0.37% | 97,013 | $2.8M | Add +3.3% |
| FOXA Fox Corp. Class A | 0.37% | 49,869 | $2.8M | Add +0.6% |
| MCO Moody's Corp. | 0.36% | 6,005 | $2.8M | Add +8.0% |
| ALSN Allison Transmission Holding | 0.36% | 29,012 | $2.8M | Add +4.5% |
| KMI Kinder Morgan Inc. | 0.35% | 95,395 | $2.7M | Add +0.8% |
| BR Broadridge Financial Solutio | 0.35% | 11,220 | $2.7M | Add +7.8% |
| COR Cencora Inc. | 0.35% | 9,729 | $2.7M | Add +8.0% |
| TMO Thermo Fisher Scientific Inc. | 0.35% | 5,397 | $2.7M | Add +13.7% |
| TPL Texas Pacific Land Corp. | 0.35% | 2,020 | $2.7M | Add +5.5% |
| MTN Vail Resorts Inc. | 0.34% | 16,477 | $2.6M | Add +2.6% |
| ORCL Oracle Corp. | 0.34% | 18,740 | $2.6M | Add +0.8% |
| KNSA Kiniksa Pharmaceuticals Inte | 0.34% | 117,281 | $2.6M | Reduce -0.3% |
| ABBV Abbvie Inc. | 0.34% | 12,387 | $2.6M | Add +0.4% |
| GRMN Garmin Ltd. | 0.34% | 11,951 | $2.6M | Add +0.4% |
| XOM Exxon Mobil Corp. | 0.34% | 21,791 | $2.6M | Add +8.6% |
| TSLA Tesla Inc. | 0.33% | 9,972 | $2.6M | Add +3.5% |
| TYL Tyler Technologies Inc. | 0.33% | 4,429 | $2.6M | Add +0.2% |
| CNR Core Natural Resources Inc. | 0.33% | 32,955 | $2.5M | New |
| QCOM Qualcomm Inc. | 0.33% | 16,465 | $2.5M | Add +4.2% |
| LOW Lowe's Cos Inc. | 0.32% | 10,637 | $2.5M | Add +3.0% |
| BMI Badger Meter Inc. | 0.32% | 13,000 | $2.5M | Reduce -0.3% |
| CAT Caterpillar Inc. | 0.32% | 7,489 | $2.5M | Add +7.2% |
| OKE Oneok Inc. | 0.32% | 24,741 | $2.5M | Add +0.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.32% | 6,958 | $2.5M | Add +5.3% |
| SYK Stryker Corp. | 0.32% | 6,538 | $2.4M | Add +8.0% |
| MPWR Monolithic Power Systems Inc. | 0.31% | 4,121 | $2.4M | Add +3.1% |
| PODD Insulet Corp. | 0.31% | 9,054 | $2.4M | Add +3.8% |
| LHX L3HARRIS Technologies Inc. | 0.31% | 11,352 | $2.4M | Add +3.7% |
| UNH Unitedhealth Group Inc. | 0.31% | 4,534 | $2.4M | Add +5.5% |
| NGVC Natural Grocers BY Vitamin C | 0.31% | 59,026 | $2.4M | Add +9.5% |
| LULU Lululemon Athletica Inc. | 0.31% | 8,377 | $2.4M | Add +5.3% |
| SHW The Sherwin-Williams Co. | 0.30% | 6,714 | $2.3M | Add +3.5% |
Portfolio Sells Q4 2024 → Q1 2025
| AZPN Aspen Technology Inc. | Sold out | 0.00% | −0.35 |
| ALTM Arcadium Lithium PLC | Sold out | 0.00% | −0.31 |
| CONSOL ENERGY INC | Sold out | 0.00% | −0.28 |
| USLM United States Lime & Mineral | Reduce -0.3% | 0.47% | −0.22 |
| ARCH Arch Resources Inc. | Sold out | 0.00% | −0.17 |
| SUM Summit Materials Inc. Class A | Sold out | 0.00% | −0.10 |
| GSAT Globalstar Inc. | Reduce -0.5% | 0.21% | −0.10 |
| VIG Vanguard Dividend Apprec ETF | Sold out | 0.00% | −0.09 |
| ALTR Altair Engineering Inc. Class A | Sold out | 0.00% | −0.09 |
| GDYN Grid Dynamics Holdings Inc. | Reduce -0.3% | 0.21% | −0.08 |
| FORM Formfactor Inc. | Reduce -0.3% | 0.15% | −0.08 |
| IWN iShares Russell 2000 Value E | Sold out | 0.00% | −0.08 |
| VCIT Vanguard Int-Term Corporate | Sold out | 0.00% | −0.08 |
| IWX iShares Russell Top 200 Valu | Sold out | 0.00% | −0.08 |
| AMR Alpha Metallurgical Resource | Reduce -0.3% | 0.13% | −0.07 |
| IWS iShares Russell Mid-Cap Valu | Sold out | 0.00% | −0.06 |
| IWF iShares Russell 1000 Growth | Sold out | 0.00% | −0.06 |
| BCC Boise Cascade Co. | Reduce -0.3% | 0.25% | −0.05 |
| AMBA Ambarella Inc. | Reduce -0.3% | 0.11% | −0.05 |
| NX Quanex Building Products | Reduce -0.3% | 0.15% | −0.04 |
| WGO Winnebago Industries | Reduce -0.2% | 0.10% | −0.04 |
| IWY iShares Russell Top 200 Grow | Sold out | 0.00% | −0.03 |
| MRNA Moderna Inc. | Sold out | 0.00% | −0.03 |
| BMI Badger Meter Inc. | Reduce -0.3% | 0.32% | −0.03 |
| IWP iShares Russell Mid-Cap Grow | Sold out | 0.00% | −0.03 |
| CALM Cal-Maine Foods Inc. | Reduce -0.2% | 0.26% | −0.03 |
| ASIX Advansix Inc. | Sold out | 0.00% | −0.03 |
| DHI D.R. Horton Inc. | Sold out | 0.00% | −0.03 |
| CARG Cargurus Inc. | Sold out | 0.00% | −0.03 |
| PLAB Photronics Inc. | Reduce -0.3% | 0.21% | −0.02 |
| BKU Bankunited Inc. | Reduce -0.3% | 0.26% | −0.02 |
| PPBI Pacific Premier Bancorp Inc. | Reduce -0.3% | 0.15% | −0.02 |
| IOSP Innospec Inc. | Reduce -0.3% | 0.15% | −0.02 |
| ABCB Ameris Bancorp | Reduce -0.3% | 0.27% | −0.02 |
| STRA Strategic Education Inc. | Reduce -0.3% | 0.15% | −0.01 |
| SFNC Simmons First Natl Corp. Class A | Reduce -0.3% | 0.19% | −0.01 |
| JXN Jackson Financial Inc. Class A | Reduce -0.3% | 0.37% | −0.01 |
| BCOV Brightcove | Sold out | 0.00% | −0.01 |
| SAFT Safety Insurance Group Inc. | Reduce -0.3% | 0.17% | −0.00 |
| ADEA Adeia Inc. | Reduce -0.1% | 0.02% | −0.00 |
| EVC Entravision Communications-A | Reduce -0.1% | 0.00% | −0.00 |
| LGND Ligand Pharmaceuticals | Reduce -0.3% | 0.23% | −0.00 |
| CON Concentra Group Holdings Par | Reduce -0.0% | 0.05% | +0.01 |
| BFC Bank First Corp. | Reduce -0.3% | 0.23% | +0.01 |
| SRCE 1ST Source Corp. | Reduce -0.3% | 0.22% | +0.01 |
| DPZ Domino's Pizza Inc. | Reduce -0.0% | 0.19% | +0.02 |
| TDG Transdigm Group Inc. | Reduce -0.1% | 0.24% | +0.02 |
| KNSA Kiniksa Pharmaceuticals Inte | Reduce -0.3% | 0.34% | +0.04 |
| CHE Chemed Corp. | Reduce -0.1% | 0.60% | +0.09 |
Portfolio Buys Q4 2024 → Q1 2025
| CORT Corcept Therapeutics Inc. | Add +0.7% | 0.94% | +0.54 |
| CNR Core Natural Resources Inc. | New | 0.33% | +0.33 |
| TMUS T-Mobile US Inc. | Add +8.2% | 0.66% | +0.17 |
| V Visa Inc. Class A | Add +6.5% | 0.88% | +0.15 |
| GILD Gilead Sciences Inc. | Add +3.1% | 0.67% | +0.14 |
| PLTR Palantir Technologies Inc. Class A | Add +5.7% | 0.71% | +0.12 |
| AZO AutoZone Inc. | Add +6.0% | 0.52% | +0.12 |
| ORLY O'reilly Automotive Inc. | Add +3.1% | 0.54% | +0.12 |
| ABT Abbott Laboratories | Add +4.8% | 0.56% | +0.11 |
| KLAC KLA Corp. | Add +8.7% | 0.65% | +0.11 |
| VRTX Vertex Pharmaceuticals Inc. | Add +3.9% | 0.49% | +0.11 |
| META Meta Platforms Inc. Class A | Add +6.3% | 1.60% | +0.10 |
| SOLV Solventum Corp. | Add +2.2% | 0.60% | +0.10 |
| VZ Verizon Communications Inc. | Add +7.3% | 0.52% | +0.10 |
| MA Mastercard Inc. Class A | Add +6.6% | 0.85% | +0.10 |
| LLY Eli Lilly & Co. | Add +4.0% | 0.83% | +0.10 |
| VICI Vici Properties Inc. | Add +6.4% | 0.55% | +0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +7.7% | 0.42% | +0.10 |
| WMB Williams Cos Inc. | Add +9.3% | 0.50% | +0.09 |
| COR Cencora Inc. | Add +8.0% | 0.35% | +0.09 |
| NFG National Fuel Gas Co. | Add +12.7% | 0.27% | +0.09 |
| HALO Halozyme Therapeutics Inc. | Add +2.5% | 0.30% | +0.08 |
| TPL Texas Pacific Land Corp. | Add +5.5% | 0.35% | +0.08 |
| MNST Monster Beverage Corp. | Add +2.4% | 0.55% | +0.08 |
| OKTA Okta Inc. | Add +6.7% | 0.23% | +0.07 |
| KR Kroger Co. | Add +8.0% | 0.40% | +0.07 |
| PAYX Paychex Inc. | Add +8.0% | 0.37% | +0.07 |
| BJ Bj's Wholesale Club Holdings | Add +8.9% | 0.22% | +0.07 |
| SPGI S&P Global Inc. | Add +5.2% | 0.71% | +0.06 |
| XOM Exxon Mobil Corp. | Add +8.6% | 0.34% | +0.06 |
| PEN Penumbra Inc. | Add +2.5% | 0.40% | +0.06 |
| CSGP Costar Group Inc. | Add +2.2% | 0.45% | +0.06 |
| FOXA Fox Corp. Class A | Add +0.6% | 0.37% | +0.06 |
| NFLX Netflix Inc. | Add +1.4% | 0.78% | +0.06 |
| GLD SPDR Gold Shares | Add +6.2% | 0.26% | +0.06 |
| ABBV Abbvie Inc. | Add +0.4% | 0.34% | +0.06 |
| THG Hanover Insurance Group Inc./ | Add +6.4% | 0.30% | +0.05 |
| BR Broadridge Financial Solutio | Add +7.8% | 0.35% | +0.05 |
| AMGN Amgen Inc. | Add +0.7% | 0.29% | +0.05 |
| FTNT Fortinet Inc. | Add +3.9% | 0.68% | +0.05 |
| VRSN Verisign Inc. | Add +4.1% | 0.22% | +0.05 |
| FCFS Firstcash Holdings Inc. | Add +17.8% | 0.18% | +0.05 |
| UBER Uber Technologies Inc. | Add +2.6% | 0.24% | +0.05 |
| VEEV Veeva Systems Inc. Class A | Add +2.7% | 0.37% | +0.05 |
| CSCO Cisco Systems Inc. | Add +7.9% | 0.38% | +0.05 |
| CBOE Cboe Global Markets Inc. | Add +3.0% | 0.27% | +0.05 |
| VOO Vanguard S&P 500 ETF | New | 0.05% | +0.05 |
| COST Costco Wholesale Corp. | Add +8.0% | 0.37% | +0.05 |
| TW Tradeweb Markets Inc. Class A | Add +1.9% | 0.29% | +0.04 |
| CTAS Cintas Corp. | Add +5.5% | 0.23% | +0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 542 | $1.2B | NVDA, GOOGL, AVGO, ANET, AAPL |
| Q1 2026 | 530 | $1.0B | NVDA, GOOGL, AAPL, AVGO, ANET |
| Q4 2025 | 485 | $986.6M | NVDA, AAPL, META, APP, MSFT |
| Q3 2025 | 483 | $988.2M | NVDA, AAPL, META, APP, MSFT |
| Q2 2025 | 478 | $908.1M | NVDA, META, AAPL, MSFT, AVGO |
| Q1 2025 | 460 | $772.5M | NVDA, META, AAPL, MSFT, CORT |
| Q4 2024 | 469 | $789.0M | NVDA, AAPL, META, MSFT, AVGO |
| Q3 2024 | 465 | $731.9M | NVDA, AAPL, META, MSFT, AVGO |
| Q2 2024 | 446 | $647.2M | NVDA, AAPL, META, MSFT, LLY |
| Q1 2024 | 453 | $622.5M | NVDA, META, AVGO, CRM, LLY |